The US government agreed to an US$80 billion (RM336.08 billion) deal with Westinghouse Electric Co to build large-scale nuclear reactors, the latest push to meet rising demand for electricity from artificial intelligence. The strategic partnership — which also involves Brookfield Asset Management and Canadian uranium producer Cameco Corp — aims to deliver on US President […]
Tanzania is edging closer to launching one of its most transformative industrial projects, the development of a gas-to-liquid (GTL) plant that will locally produce diesel, jet fuel, naptha, hydrogen, and fertilizer posing as a major challenger to Dangote’s empire. The project advanced to a major milestone after Rocky Mountain GTL, a Canadian clean-fuel technology company, […]
During the Future Investment Initiative (FII) conference in Riyadh, BlackRock CEO Larry Fink said investors have turned to gold and cryptocurrencies as a refuge in the face of growing concerns about global financial stability and fears of devaluation of traditional assets. Fink emphasized that the search for crypto assets and gold is driven by fear of […]
George Elombi, the new president and chairman of the African Export-Import Bank (Afreximbank), has revealed that Aliko Dangote is seeking an additional $5 billion to expand his refinery in Lagos. During his inaugural address at Afreximbank’s investiture ceremony in Cairo, Elombi stated that Dangote had personally disclosed the plan earlier and assured the bank would […]
Despite being home to an estimated $4 trillion in domestic capital, Africa continues to struggle with financing its infrastructure ambitions. A new report reveals that shallow capital markets, weak financial intermediation and institutional bottlenecks are stalling efforts to mobilise these vast resources – just as external financing dries up amid global economic turbulence. With donor […]
The trade conflict between the US and China shows no signs of easing, with both sides digging in, hoping they can endure the economic pain longer than the other.The dispute has once again thrust a group of metals known as rare earth elements into the global spotlight. China dominates every stage of the rare-earth supply […]
Theta Gold Mines has raised an additional US$6 million (A$9.3 million) to accelerate construction of its flagship TGME gold project in South Africa’s Mpumalanga province, signalling renewed investor confidence in the country’s gold mining revival. The latest funding round, backed by cornerstone investors Hong Kong Ruihua Investment Management and Jingsha Diao, comes on the heels […]
Burkina Faso has moved to deepen its control over the corporate presence of big business, unveiling a bill requiring companies with an annual turnover of at least CFA5 billion ($8.8 million) to establish headquarters within the country The government has adopted a draft bill compelling companies with at least CFA 5 billion (around US$ 8.8 […]
The policy, which takes immediate effect, aims to keep resource wealth within Malawi and could capture up to $500 million annually through domestic processing. “I will not allow exportation of raw materials from our mines,” Mutharika declared during a cabinet swearing-in ceremony at Sanjika Palace in Blantyre. “Raw materials have to be processed here. We […]
The US and Australia have signed a deal intended to boost supplies of rare earths and other critical minerals, as the Trump administration looks for ways to counter China’s dominance of the market. Australian Prime Minister Anthony Albanese said the deal would support a pipeline of $8.5bn (A$13bn; £6.3bn) “ready-to-go” projects that would expand his […]